Major acquisitions, joint ventures and divestments

Below you find a list of the major acquisitions, joint ventures and divestments since 1996 until today.

2008
AcquisitionsPress Release
July 16ABB to acquire Kuhlman Electric Corporation from The Carlyle Group
May 5ABB acquires New Zealand business to expand power electronics portfolio


2007

DivestmentsPress Release
November 19ABB completes sale of Lummus Global
March 6ABB sells building systems business in Germany
February 6ABB sells stakes in power projects in Morocco and India

2006
No major acquisitions or divestments

2005

DivestmentsPress Release
November 3ABB sells Finnish leasing portfolio


2004

DivestmentsPress Release
July 12ABB closes sale of upstream Oil, Gas and Petrochemicals business for $925 million
February 20ABB sells Swiss Building Systems business

2003

DivestmentsPress Release
December 9ABB sells reinsurance business for US$ 425 million
July 4ABB sells Building Systems business in Nordic region for US$ 233 million

2002

DivestmentsPress Release
September 18ABB sells metering business for US$ 244 million
September 4ABB sells Structured Finance business to GE Commercial Finance for US$ 2.3 billion
June 27ABB sells real estate in Sweden for US$ 300 million

2001

AcquisitionsPress Release
April 9ABB to acquire Entrelec of France
January 30ABB agrees to buy U.K. engineering consultancy
DivestmentsPress Release
December 10ABB divests air handling business for US$ 225 million

2000

AcquisitionsPress Release
June 27ABB acquires Norwegian oil and gas service company
February 8ABB acquires U.K. power network service company
DivestmentsPress Release
March 31ALSTOM acquires ABB's share in ABB ALSTOM POWER
Joint VenturesPress Release
October 5ABB forming Industrial IT software joint venture with U.S. partner

1999

DivestmentsPress Release
December 29ABB to sell nuclear business to BNFL
November 16ABB divests two cable businesses in Norway, Sweden
January 20DaimlerChrysler buys ABB's share in Adtranz
Joint VenturesPress Release
March 23ABB and ALSTOM create world leader in Power Generation

1998

AcquisitionsPress Release
October 14ABB to acquire all shares in Elsag Bailey, aims to boost Automation business growth
June 17ABB acquires Alfa Laval Automation
Joint VenturesPress Release
March 24ABB establishes major power transformer joint venture in China

1997

AcquisitionsPress Release
August 12ABB acquires major switchgear company in Poland
January 27ABB acquires majority interest in Polish power grid construction company
DivestmentsPress Release
November 21ABB to divest wire rod and winding wire businesses
August 27ABB to divest Nordic electrical wholesale business

1996

AcquisitionsPress Release
November 11ABB acquires U.K.'s leading manufacturer of electricity meters
Joint VenturesPress Release
December 2ABB and Volvo Cars to form joint venture for automation equipment
February 6ABB forms joint venture to manufacture motors in China

Last edited 2008-08-07
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